First National Title Company is an independent, locally owned and operated company serving the State of Arkansas. We have put together a complete team of experts in the title industry. Our services are professional, efficient, and customized to our client's needs.…

Those who aren’t in the real estate business may have never even heard the term “1031 exchange,” but that doesn’t necessarily mean it is of no use to you. In particular, a 1031 Exchange could be particularly useful if you’re planning to sell one investment property and purchase another.

To be clear, the 1031 exchange, or “like-kind exchange,” must follow strict rules set forth by the Internal Revenue Service. (Check with your tax attorney and/or your CPA to determine what these rules are.)

A very important concept to understand as part of home ownership is the importance of home title insurance. An owner’s title policy protects the buyer, as opposed to lender’s title insurance. As the name implies, the latter provides coverage only to the lender. If a title’s chain of ownership is challenged this difference can be a very significant distinction.